Romanian Govt Lets Local Authorities Raise Local Taxes

Romania’s Government will allow local authorities to raise local taxes depending on local needs and the local population’s purchasing power.

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The Government will introduce a system whereby local authorities can set taxes on property taking into account the property's market value, according to the Government's draft fiscal strategy for 2012-2014, obtained by MEDIAFAX.

The Government is looking to increase local authorities' autonomy and power of decision in matters of financial resources and will introduce this measure by amending tax legislation.

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